A down payment is cash in hand. It reduces the risk of bad debt to that extent. It also improves the cash flow to the extent of the down payment received.
No. They will contact you and ask you why you DID NOT make a payment to them. If you are on a very tight budget and can't make that payment, it is understandable for one month. If the second month, that you don't make a payment to them, then your account will be inactive and you will end up paying the creditors yourself.
Contact your lender and ask a company representative. If it is a local bank you can make the payment at a branch office.Contact your lender and ask a company representative. If it is a local bank you can make the payment at a branch office.Contact your lender and ask a company representative. If it is a local bank you can make the payment at a branch office.Contact your lender and ask a company representative. If it is a local bank you can make the payment at a branch office.
Tough question, but the best answer (probably) is that you'll have to save up the money to buy it. If no one will finance your venture, that's about all that's left that is legal and that won't put you in a vice. Certainly there is nothing stopping you from continuing to look for a company that will make the loan to you. Next time you ask for financing, if they say no, ask then who they know that might be willing to finance you. In fact, go back to the companies that turned you down and ask them again. And if they still say no, ask them for a recommendation. Keep after it. Be smart about this, and make the best choices. Good luck.
Literal Answer: Ask the loaner what percent of the loan amount is required. The loaner decided what percentage you must pay as a down payment. If your question is asking "How do I compute the amount I must pay as a down payment on a loan?", then do the following: Sample problem: You ask a banker to loan you 5,000$ for a car. The banker agrees to give you a loan if you can pay a 20% down payment to the bank. To compute how much $ you will need to pay as a down payment, do the following: 1. Convert 20% into decimal form: 20 / 100 = .2 2. Multiple the loan amount by 20%: 5000$ * .2 = 1000$ You will need to pay a down payment of 1,000$ to the bank and sign some documents before the banker will issue you a loan. The bank will then pay 5000$ to the car seller on your behalf or give you a check that is payable to the car seller so that you can exchange the check for the car & keys to the car. You will owe the bank 4,000$ & most likely be required to make monthly payments to the bank until your debt is paid.
Maybe nothing. It depends upon whether the credit card company reported the delinquent activity to the credit bureaus. If it was a one-time issue (and otherwise you're always on time with your payments) you can contact the credit company to ask that they waive the late payment fee as a customer courtesy, just explain it was an oversight on your part and won't happen again. You can also ask if they reported the missed payment to the credit bureaus, or run your credit report to find out yourself.
1: Yes, they CAN do that but if they have cashed your payment check, and you have proof of this, especially if your payment check has cleared your checking account (meaning your bank has given the money to your bill collector), then ultimately they HAVE accepted your payment. I highly recommend you contact your bill collector and confirm they have received payment (write down everything; best would be email contact to have it all in writing but most of these companies won't do that). Then ask them if the future payments should be handled differently. 2: Also, following on from 1, contact your bank, and see if they have any policies on this topic- many will, and may return the money into your account whilst an investigation is pending
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